Market dataIncome framework read
Covered-Call / Enhanced-IncomeTSXCanada

HYLD.TO

Hamilton Enhanced U.S. Covered Call ETF

Multi-Sector (ETF / Fund)Covered-call structureMonthly

Market Snapshot

$16.05

+$0.14 (0.88%)

Toronto

Yield

N/A

Rate $1.89

Next Payment

—

Ex-date N/A

52wk Position

92.42%

-1.59% below high

Updated —

Income Intelligence Summary

Deterministic interpretation from Prospyr's income framework and available market data.

Framework readout
1

Income reliability

Derived from payout history

Monthly income profile is visible

HYLD.TO has an income profile aligned with its covered-call / enhanced-income role. Provider data shows 12 recent payout records.

2

DRIP defense

Editorial framework

At Risk DRIP footing

HYLD.TO is close to the defended zone at default inputs. Price creep cushion is 2.80%, so small price moves can matter.

3

Main watch item

Editorial framework

Distribution composition can drive tax friction

HYLD.TO sits in the covered-call or enhanced-income bucket. Review how much of the distribution comes from option income, return of capital, dividends, or other sources.

Decision Area

Distribution and DRIP Defense

Payout history, default DRIP coverage, and price creep pressure using market data where available.

Distribution Chart

Last 12 payments

Confirmed Expected

Coverage Ratio Test

DRIP defense check

At Risk
Cash
$16.50
APR
1.028
Coverage
1.028

At Risk. Coverage is above breakeven but inside the defended margin. Monitor price creep or top up shares.

Price Creep

Defended price ceiling

Max defended
$16.50
Cushion
$0.45
Cushion %
2.80%
Current $16.05Break $16.50

Smart Recommendation

HYLD.TO is close enough to defend, but small price moves can weaken the rung.

Research Signals

Payout sustainability

Moderate

5mo ago

DRIP availability

Plan-only

5mo ago

Tax character

Mixed

5mo ago

Distribution history

1–5 yr track

5mo ago

Structure complexity

Complex

5mo ago

Income trend

Variable

5mo ago

Account suitability

Non-reg: caution

5mo ago

Structure Overview

Hamilton Enhanced U.S. Covered Call ETF (HYLD) is a fund-of-funds holding Hamilton's US-equity covered-call ETFs (technology, financials, healthcare, and more), CAD-hedged, with modest ~25% cash leverage. HYLD's distributions include option premiums, dividends, and return of capital—making the tax character complex and the distribution sustainability dependent on both market volatility and underlying income.

Canadian Planning Notes

  • 1HYLD's multi-asset covered-call structure produces high headline yields that mix return of capital, foreign income, and option premiums; the stated yield can overstate sustainable income.
  • 2Verify the annual T3 for the actual income-versus-ROC breakdown before planning around HYLD in a non-registered account.
  • 3TFSA or RRSP placement is generally preferred to avoid tracking the annual distribution character complexity.

Market Facts

Market Data

A factual market, distribution, valuation, and financial snapshot for this holding.

Market Data

Market data

Updated facts where available

Price

$16.05

Previous close

$15.91

Day range

$15.97 - $16.16

52wk range

$12.88 - $16.31

Market cap

N/A

Volume

150.5K

Avg volume

168K

Exchange

Toronto

Dividend and distribution

Forward rate

N/A

Trailing rate

$1.89

Forward yield

N/A

Trailing yield

0.00%

Per payment

$0.17

Cadence

Monthly

Next ex-date

N/A

Next pay

N/A

Last dividend

$0.17

Last dividend date

Sep 29, 2026

Performance

Daily change

$0.14

Daily change %

0.88%

52wk position

92.42%

Below 52wk high

-1.59%

Above 52wk low

24.61%

Open

$16.02

Earnings and financials

Trailing EPS

N/A

Forward EPS

N/A

Revenue

N/A

Revenue growth

N/A

Profit margin

N/A

Operating margin

N/A

Payout ratio

N/A

Free cash flow

N/A

Total cash

N/A

ROE

N/A

ROA

N/A

Debt/equity

N/A

Beta

N/A

Valuation

Trailing P/E

26.35

Forward P/E

N/A

Price/sales

N/A

Price/book

N/A

Enterprise value

N/A

EV/EBITDA

N/A

Analyst facts

Target mean

N/A

Target high

N/A

Target low

N/A

Recommendation mean

N/A

Recommendation key

N/A

Analysts

N/A

Canadian Context

Account placement

TFSA

Covered-call distributions often include return of capital, which can require cost-basis tracking in taxable accounts.

RRSP: Also avoids annual return-of-capital tracking.

Eligible dividend tax credit

Total credit
$345.27
Effective rate
34.53%

Broker DRIP status

Questrade

Available

Wealthsimple

Available

RBC Direct Investing

Available

TD Direct Investing

Available

Run Your Numbers

Carry this holding into a calculator

Use a planning tool that matches this holding's structure, payout timing, and income use case.

Compare this holdingTest DRIP durability

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This profile is informational only and does not constitute licensed financial advice. Signal values, planning notes, market data, and structure summaries may not reflect the most current issuer disclosures. Always verify current payout policy, ex-dividend dates, financial statements, and issuer communications before making any investment decision.